Pakistan’s economic potential needs better projection: Saudi envoy

ISLAMABAD: Ambassador of Saudi Arabia to Pakistan Nawaf Saeed Al-Malkiy has said that Pakistan has a great business and economic potential which needs to be highlighted more effectively to attract foreign investments.

Exchanging views with a delegation of Islamabad Chamber of Commerce and Industry on Monday, he said that Prime Minister Imran Khan was keen to promote Pakistan’s exports, for which, apart from government-to-government contacts, enhanced people-to-people contacts were necessary so that foreigners could see Pakistan’s actual potential.

He said there was a great need to promote the soft image of Pakistan to the outside world in order to get enhanced FDI.

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The envoy said that Saudi Arabia was now more open to foreign investors and Pakistani investors should also explore JVs and investment in Saudi Arabia with regard to their areas of interests.

He stressed that Pakistan and Saudi Arabia should focus on frequent exchange of trade delegations to explore all untapped areas of mutual cooperation, adding that Saudi Commercial Section would try to explore all possible areas of JVs and investment in Pakistan.

He urged that ICCI should form a delegation for Saudi Arabia and his embassy would cooperate in making its visit successful.

Speaking on the occasion, ICCI President Ahmed Hassan Moughal said that his chamber intended to take a delegation to Saudi Arabia in December or January to explore new avenues of mutual cooperation between the two countries. He said that investors of Saudi Arabia should explore JVs and investment in CPEC and other sectors of Pakistan’s economy.

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